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January 11, 2013 at 10:20 am #629400Tower – JustinMemberiGameFriends Update Many Terms including retroactive negative carryover
Terms spidered on January 7th, 2013 08:33 AM
SUMMARY: This one was a mess mostly due to the changes from Entraction to IGT and then subsequently to Microgaming Poker. However, they are implementing negative carryover, retroactively and this is not friendly towards their current affiliates.
Rakeback
2.11. Any “rakeback”,cashback/rakeback”, other than as described below in clause 2.13 – 2.21, is strictly forbidden withinEntractionMicrogaming Poker Network2.13. The maximum
rakebackcashback allowed withinEntractionMicrogaming Poker Networkis 30% on the condition that playerisnot gaining30%.from Instant cash loyalty program Bonus.2.14.
2.15If 30% Rakeback is selected, Rakeback will be paid out be-weekly in accordance to IGT Network Rules for Rakeback.Monthly VIPIn order to receive 30% Rakeback a referred player needs to accumulate ?66,67 in Rake to achieve the minimum Rakeback of ?20 within a 2 (two) week period.30%.2.14. Cashback can only be earned from
Instant cashthe loyalty programBonus.2.14. If 30% Rakeback is selected, Rakeback will be paid out be-weekly in accordance to IGT Network Rules for Rakeback2.15.In order to receive 30% Rakeback a referred player needs to accumulate ?66,67All players are automatically included inRake to achievetheminimum Rakeback of ?20 within a 2 (two) week period.2.15. Instant cashloyaltyprogram Bonus is an optional loyalty program that all parties can use.2.16Exclusive Promotions
2.21. The Affiliate shall inform iGame about any upcomingraceexclusive promotion for approval at least 20 days prior to the launch. iGame reserves the right to forbid, cancel or withhold payments of any exclusive/private promotions without giving notice to the Affiliatetoat any time before and after launch of suchrace,extra promotions or if it is not approved byEntractionIGT Network. Any exclusive/private promotions need to be confirmed and approved by iGame before a promotion is launched by an Affiliate.Bonuses
2.23. Betting signup and reload bonuses shall not exceed ?50100 and10100% of the deposited amount. The minimum wagering requirements is312 times of the deposited amount and bonus amount sum with the minimum odds of 1.50. The deposited amount plus bonus amount and winnings are locked in the betting account for 30 days after the deposit.Fraud and Bonus Abuse
3.7 iGame reserves the right to withhold affiliate payments and/or suspend or close accounts where affiliated customers are found to be abusing any of our offers or promotions whether with or without the affiliates knowledge. Such situations to include but not be limited to different customers betting both sides of an event or market so as to limit risk and claim bonusesNegative Carryover
3.6 If the total commission in a specific month from sportsbook is negative, this negative commission amount will be carried forward to the following months.Players and VIP Points
2.22.The maximum ratio allowed for poker signup (first deposit) or reload (second and so forth deposit) bonuses is ?0.1 for 1 VIP-point earned.2.24. The exchange of
VIP-pointsLoyalty Points to cashor “cash-a-code”isforbiddenallowed as the only cashback form.VIP-pointsLoyalty Points can also be used as payment for online tournament buy-ins and other network relatedfeatures, but the value of 1 (one) VIP-point in this case shall not exceed ?0.01 (100VIP = ?1 buy-in).No Deposit Bonuses
. 2.25. Non-deposit bonuses (instant bonuses) shall have clearing or wagering withdrawal requirements as ?0.1 for 1 VIP-point for poker and 30 times for Casino. 2.26
SUMMARY: AGD has already marked iGameFriends as Predatory due to their Minimum Player Rule, Dormancy Clause, and Termination Clause… so the changes to negative carryover just cement the fact that they are not to be trusted (IMO). -
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